Oct 24 Brexit moves to Asia

Brexit-backing entrepreneur James Dyson will manufacture his new electric cars in Singapore rather than in the UK. While the vehicle has been designed in Wiltshire, it will now be produced thousands of miles away in Asia.

“Singapore has a comparatively high cost base, but also great technology expertise and focus,” the company says. “It is therefore the right place to make high-quality, technology-loaded machines, and the right place to make our electric vehicle.”

It adds that decision is “good news” for its UK workforce.

Dyson only last week criticised European car industry groups for raising concerns about the impact on the sector if the UK cannot reach agreement with the EU.

By the way, Singapore recently concluded a new trade deal. With the EU.